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Dec 12, 2012
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what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workers for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with the president to do is use this mandate. redo revenue, which we should. but what keeps us from becoming the country we want to be and damns the future generations is entitlement and spending. when i was 21, my mom died, when i was 22 my dad died. if it wasn't for social security survivor benefits, my sister would have never gone to college. social security is going to fail. when i was 22 we needed the 300 and something bucks we got a month. i'm 57, i have no kids, i could easily give up $400 in retirement from social security to help people who can't. >> as a reality for
what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workers for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with...
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Dec 23, 2012
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explore the secret gardens of greece. these are all with locals. what these companies are doing, they're enabling people who have jobs that they love and they have different hobbies to actually make money by showing this to other people. i spoke with all the entrepreneurs that started these companies and they kept saying happiness is about the memories, something can you give on the holidays. >> anything involving food is okay with me. thank you very much, lori. >>> you've probably been hearing christmas music for a few weeks now. but you probably haven't heard this. the beautiful sounds of celtic woman. these singers have something special. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. [ tylenol bottle ] me too! and nasal co [ tissue b
explore the secret gardens of greece. these are all with locals. what these companies are doing, they're enabling people who have jobs that they love and they have different hobbies to actually make money by showing this to other people. i spoke with all the entrepreneurs that started these companies and they kept saying happiness is about the memories, something can you give on the holidays. >> anything involving food is okay with me. thank you very much, lori. >>> you've...
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Dec 31, 2012
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greece is number 34. so we have more of everything than greece does. so that remarkable fearmongering about debt, which republicans are putting in, is what part of the problem is. greg, there -- the debt concern in america is real. it is real. it is nowhere near as real as people like rand paul need to make it sound. greece can't issue its own bonds. america can. there is about zero chance -- in fact, i have more chance of growing hair than the u.s. has of defaulting on its debt. i think this is ridiculous and we have to point out that a lot of these republicans, particularly tea party republicans, are making these statements that are simply not true. the u.s. stands no chance of defaulting on its debt anytime in your or my lifetime. >> i think i agree with you on almost all of that. i think it's worth pointing out there is a point in here the republicans are raising, which is a good one. if the deal goes through, as it's been written, the impact on long-term deficits is negligible. the debt is still on an unsustainable rising path. we've made no meani
greece is number 34. so we have more of everything than greece does. so that remarkable fearmongering about debt, which republicans are putting in, is what part of the problem is. greg, there -- the debt concern in america is real. it is real. it is nowhere near as real as people like rand paul need to make it sound. greece can't issue its own bonds. america can. there is about zero chance -- in fact, i have more chance of growing hair than the u.s. has of defaulting on its debt. i think this...
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Dec 22, 2012
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it's not greece. it's not like the u.s. is being forced to act right now. the u.s. has a medium and long-term problem with entitlements and population. if politicians on both sides of the aisle could get together and kind of do a down payment for the long-term entitlement issue, that would give them the room to not only -- would there be sort of benefits from doing that, but also give them the room to not do so much tightening in the short term when the economy is weak. >> all right, zani, thank you so much. terrific insights. appreciate it. >> my pleasure. >>> well, if you haven't done your christmas shopping yet, now is the time to panic. no, don't panic. our tech expert has some ideas. she'll show you the latest cool gadgets. >>> a look into what's next in the culinary world. cool tools and strong drinks. so we're going to make a drink called the thai basil dhaka re, and we use liquid nitrogen to freeze and crush up herbs. this is thai basil. here is the main part of the technique. pour liquid nitrogen on the herb. liquid nitrogen is going to freeze it. you can h
it's not greece. it's not like the u.s. is being forced to act right now. the u.s. has a medium and long-term problem with entitlements and population. if politicians on both sides of the aisle could get together and kind of do a down payment for the long-term entitlement issue, that would give them the room to not only -- would there be sort of benefits from doing that, but also give them the room to not do so much tightening in the short term when the economy is weak. >> all right,...
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Dec 24, 2012
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some countries like greece faced multi-year recession and slowdown, unemployment at over 25%, youth unemployment over 50%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more austerity. social welfare having been cut, health care cut, unemployment, growth virtually nonexistent. now the talk is not of more austerity, but how to get growth started again across the contine continent. suzanne. >> thank you, richard. >>> christmas, of course, is a time of giving, but there are many struggling familie
some countries like greece faced multi-year recession and slowdown, unemployment at over 25%, youth unemployment over 50%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again....
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Dec 9, 2012
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the terrible state of our economy, we're fiscally bankrupt, we didn't have the dollar, we might be greece, we have got to deal with our debt bomb, we have got to face the fiscal cliff that's coming in a couple of weeks. >> so you know what both sides are saying? the president is saying there's no way to make the math work. without raising the rates for the top income earners and that the republicans should give on this. >> yeah. >> do you think he's right? >> well, i understand that position, that was the position he took during the campaign. but what has to happen in my view, you've got to have everything on the table, you have to have revenue increases. now how you get those to revenue increases was an item of discussion during the campaign, and it's an item more negotiation, i for one think you can get there by eliminating and broadeninging the tax base which eliminating loopholes and deductions. the truth of the matter is that we're not undertaxed as americans, we overspend. i think everything would agree that we overspend that's why we have this debt to gdp of 100% as far as the eye
the terrible state of our economy, we're fiscally bankrupt, we didn't have the dollar, we might be greece, we have got to deal with our debt bomb, we have got to face the fiscal cliff that's coming in a couple of weeks. >> so you know what both sides are saying? the president is saying there's no way to make the math work. without raising the rates for the top income earners and that the republicans should give on this. >> yeah. >> do you think he's right? >> well, i...
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Dec 25, 2012
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. >> greece was the problem child that spent too much, saved nothing and threatened to take down the euro. protests staged by those facing loss of jobs, pay cuts and higher taxes as the government begs for more. >> it lives on but for how long? >>> number two, the deadliest month to date as intensified the use of air fire. >> how much longer could this man hold on to power? he was under ever more intense pressure to step down. but his regime stepped up the fire power against the opposition. civilians caught in the cross fire. more than fortiy thousand people have died so far. >> this is yet another red line. >> the opposition fights on, making more dramatic gains and gaining pledges of additional support from the international community. number one. she fought back from the brink of death after being attacked on a school bus. the taliban shot malala in the head because she was an outspoken advocate of education. but books won over bullets. the fifteen-year-old survived. she immediately asked for her school books. the world was gripped, moved, and inspired by the story of one determin
. >> greece was the problem child that spent too much, saved nothing and threatened to take down the euro. protests staged by those facing loss of jobs, pay cuts and higher taxes as the government begs for more. >> it lives on but for how long? >>> number two, the deadliest month to date as intensified the use of air fire. >> how much longer could this man hold on to power? he was under ever more intense pressure to step down. but his regime stepped up the fire power...
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Dec 31, 2012
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they did it with greece and the fiscal compact and the uk v vetoing the agreements. you can put it back together again. but there's an enormous amount of damage, a lack of credibility and a feeling of lack of investor confidence that's taken place during that process. and to your very point, let's look at this for a second. we have the fiscal cliff. you then have the debt ceiling. don't forget the debt ceiling. then you go back to the middle of 2013. by the time you get to it, you're back to a budget impass once again. so you're right, it's perpetual cliffs and falls and slowdowns. >> that just is not very heartening, my friend. so why is the u.s. stock market having one of the best years, one of the ten best years ever? >> that's an easy one. firstly, very low. 2008, look at the graph. and it's gone like that all the way down and it's come back up again and equities remain cheap. bonds weren't doing that much. it was a perfect opportunity to take advantage of certain special situations. but don't be fooled. there's an element of scotch missed about this. the first w
they did it with greece and the fiscal compact and the uk v vetoing the agreements. you can put it back together again. but there's an enormous amount of damage, a lack of credibility and a feeling of lack of investor confidence that's taken place during that process. and to your very point, let's look at this for a second. we have the fiscal cliff. you then have the debt ceiling. don't forget the debt ceiling. then you go back to the middle of 2013. by the time you get to it, you're back to a...
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Dec 9, 2012
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, well, we don't know what's going to happen in europe, and we don't know what's going to happen in greece and we don't know what's going to have in the euro zone and the energy needs in china and india and industrialized nations. what do you think is the biggest threat from the outside to the u.s. economy? >> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that we have at the moment is really here with us and that can be addressed. >> but when you look at, i mean i understood that the european banks had sort of downsized or downgraded what they thought would be growth. you've got more than 11% unemployment in the euro zone, which is a good deal higher than her
, well, we don't know what's going to happen in europe, and we don't know what's going to happen in greece and we don't know what's going to have in the euro zone and the energy needs in china and india and industrialized nations. what do you think is the biggest threat from the outside to the u.s. economy? >> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually,...
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Dec 28, 2012
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greece is aware that taking part could be an issue. especially as its economy is expected to drop to minus 4.5% next year. portugal, meanwhile, is expected to shrink 1.8%. and poland and slovakia have decided to spend their money on other projects. that's despite projecting positive growth for 2013. ♪ it reportedly costs around $160,000 to take part. and if you win, some countries spend big to host the lavish event. for some national broadcasters, this is reason enough to pull out. >> the cost of staging has been mounting in recent years. russia put on the beijing of song. it was like the chinese olympics. azerbaijan last year pumped out their national output on the stage. they were competing to show off to europe, look what we're like from the east, the former soviet republic. ♪ >> reporter: there's a lesson to be learned from previous eurovision winners. in budgets and costumes, less is often more. ♪ the rules of the game >> reporter: cnn, london. >>> all right. i want to go back to richard quest in london to talk a little abou
greece is aware that taking part could be an issue. especially as its economy is expected to drop to minus 4.5% next year. portugal, meanwhile, is expected to shrink 1.8%. and poland and slovakia have decided to spend their money on other projects. that's despite projecting positive growth for 2013. ♪ it reportedly costs around $160,000 to take part. and if you win, some countries spend big to host the lavish event. for some national broadcasters, this is reason enough to pull out. >>...
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Dec 30, 2012
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number three, in europe greece was the problem child that spent too much, save nothing and threatened to take down the euro. new leadership didn't stop constant violent protests, staged by those facing loss of jobs, pay cuts, higher taxes as their weary government begs for more cash. europe's leaders including the new french president committed to save the euro. it lives on, but for how long? number two. the deadliest month to date as the assad regime intensified its use of air power. >> one of the questions most asked in 2012, was how much longer can this man hold on to power? assad was under intense pressure to step down. but his regime stepped up the fire power against the opposition. civilians caught in the crossfire. more than 40,000 people have died so far. >> this is, yet, another bread line. >> the opposition fights on making more dramatic gains than ever and gaining pledges of additional support for the international community. number one -- she fought back from the brink of death after being attacked on a school bus. the taliban shocked. she was an outspoken for the educatio
number three, in europe greece was the problem child that spent too much, save nothing and threatened to take down the euro. new leadership didn't stop constant violent protests, staged by those facing loss of jobs, pay cuts, higher taxes as their weary government begs for more cash. europe's leaders including the new french president committed to save the euro. it lives on, but for how long? number two. the deadliest month to date as the assad regime intensified its use of air power. >>...
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Dec 30, 2012
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on spending, then the cliff may not seem like a cliff but will be a downward slide to make us like greece. no lodnger a viable economic power. >> hang on. we'll continue this. we have to take a quick break. the fiscal cliff has the president sounding like new york yankees legend yoeg gi ber ra. >> this is deja shz vu all over again. americans want to know why you can't get stuff down in an organized timetable. >> so if we all saw it coming, why did congress wait so long to do something about it? why do toys for tots and hasbro trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> we are back. let me just go back to one point, and that is there are people sitting around wondering whether their taxes will go u
on spending, then the cliff may not seem like a cliff but will be a downward slide to make us like greece. no lodnger a viable economic power. >> hang on. we'll continue this. we have to take a quick break. the fiscal cliff has the president sounding like new york yankees legend yoeg gi ber ra. >> this is deja shz vu all over again. americans want to know why you can't get stuff down in an organized timetable. >> so if we all saw it coming, why did congress wait so long to do...
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Dec 31, 2012
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number three in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership didn't stop constant violent protests, staged by those facing loss of jobs, pay cuts, higher taxes, as their weary government begs for more cash. >> europe's leaders including the new french president committed to save the euro. it lives on. but for how long? number two -- >> the deadliest month to date as the assad regime intensified its use of air power. one of the questions most asked in 2012 was how much longer can this man hold on to power. bashar al assad was under ever more intense pressure to step down. but his regime stepped up the firepower against the opposition. civilians caught in the crossfire. more than 40,000 people have died so far. >> this is another red line. the opposition fights on, making more dramatic gains than ever. and gaining pledges of additional support from the international community. number one, she fought back from the brink of death after being attacked on a school bus. the taliban shot her in the head because she
number three in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership didn't stop constant violent protests, staged by those facing loss of jobs, pay cuts, higher taxes, as their weary government begs for more cash. >> europe's leaders including the new french president committed to save the euro. it lives on. but for how long? number two -- >> the deadliest month to date as the assad regime intensified its use...
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Dec 2, 2012
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we don't want to be like greece. entitlement reforms, the majority of our spending, and also to make sure that those programs are preserved 2024 medicare is insolvent. social security 2033. it is time for us to come together and solve the big problems. >> do you think entitlements have to be on the table? >> putting revenue on the table versus specificity is really two different things. as a business guy, you got to have a term sheet with details. if the republican leadership -- >> senator mcconnell said, hey, you know what, let's raise the -- >> the president doesn't like the details in the term sheet that secretary geithner laid out, then come up with a counter term sheet. we've got to get past the kind of washington decoder speak and say specifically how do we get there? i also believe that one of the things we need to get to is major tax reform, but we need to go ahead and lay down what we're going to get layout what we do before the end of the year, and then how we get to that -- i believe at least $4 trillion i
we don't want to be like greece. entitlement reforms, the majority of our spending, and also to make sure that those programs are preserved 2024 medicare is insolvent. social security 2033. it is time for us to come together and solve the big problems. >> do you think entitlements have to be on the table? >> putting revenue on the table versus specificity is really two different things. as a business guy, you got to have a term sheet with details. if the republican leadership --...
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Dec 23, 2012
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this is not europe, this is not greece. there are solutions. it's the politics that mess everything up. >> you're absolutely right. getting back to the issue of tax rates, it looked like we were getting closer. boehner offered to raise rates for those making more than $1 million a year. the rate would increase only on the amount you made over $1 million. president obama, who insists on letting the bush tax cuts expire for earners making more than $250,000, at least that's how he presented it during the campaign. offered to let those taxes rise on those making more than 400,000 a year. we're talking marginal rates, only on income above $400,000. by the way, mark, $370,000 a year is what puts you in the top 1%. all of those levels, 250, 400, a million. what's the breakoff point at which raising rates would substantially hurt the economy. >> i think they're coming to a compromise, the president's 400 k, speaker boehner was a million. my guess is they come to an agreement somewhere around $500,000. if that's the break point in the tax increase, i d
this is not europe, this is not greece. there are solutions. it's the politics that mess everything up. >> you're absolutely right. getting back to the issue of tax rates, it looked like we were getting closer. boehner offered to raise rates for those making more than $1 million a year. the rate would increase only on the amount you made over $1 million. president obama, who insists on letting the bush tax cuts expire for earners making more than $250,000, at least that's how he presented...
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Dec 28, 2012
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my grandfather came here from greece. he opened a restaurant, the american dream. >> but he taught himself english. he taught himself to read the newspaper, and he became a very successful businessman. as he would say, only in america. youngstown was prosperous, and downtown youngstown was really prosperous. it was wonderful to go to downtown youngstown and be all dressed up in gloves and hat and going in and out of the shops and having lunch downtown. it was exciting. >> but that prosperity didn't last. youngstown ohio was the manufacturing backbone of this country but starting the late 1 1970s, the steel mill started to close, kicking this proud town in the gut. entrepreneur magazine named it one of the top ten best cities to start a new business. that's something that would have been unthinkable just a decade ago. >> it's a wireless device to allow students in the classroom to communicate with teachers. highly skilled, highly qualified people from a lot of good universities and colleges in the area, we were able to pic
my grandfather came here from greece. he opened a restaurant, the american dream. >> but he taught himself english. he taught himself to read the newspaper, and he became a very successful businessman. as he would say, only in america. youngstown was prosperous, and downtown youngstown was really prosperous. it was wonderful to go to downtown youngstown and be all dressed up in gloves and hat and going in and out of the shops and having lunch downtown. it was exciting. >> but that...
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Dec 22, 2012
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this is not greece. there are solutions. it's the politics that mess everything up. >> yeah. you're absolutely right. getting back to the issue of tax rates, it looked like we were getting closer. boehner offered to raise mate raitts for those making more than a million dollars a year, and the rate would only increase on the amount of money you earn over a million dollars a year. just raising those rates were a major concession for any republican. president obama, who insists on letting the bush tax cults expire for earns making more than $250,000, or at least that's how he presented it during the campaign, offered to let those taxes rise on those making more than $400,000 a year. we're talking marginal rates then so, that would be only on income above $400,000. by the way, mark, $370,000 a year is what puts you into the top 1% here. you're an economist. all those income levels, 250, 400, a million, flying around for raising rates, what in your opinion is the breakoff point at which raising rates would substantially hurt the economy? >> well, i mean, i think coming to a compr
this is not greece. there are solutions. it's the politics that mess everything up. >> yeah. you're absolutely right. getting back to the issue of tax rates, it looked like we were getting closer. boehner offered to raise mate raitts for those making more than a million dollars a year, and the rate would only increase on the amount of money you earn over a million dollars a year. just raising those rates were a major concession for any republican. president obama, who insists on letting...
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Dec 24, 2012
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so now they kind of just bypassed each other in greece. and now google is now in finland where the other guy is. or similar santa was earlier. they're kind of meeting in the middle. just around the equator. >> here's the thing, we just don't want a midair santa crash. that would be the worst case scenario. thank you so much, alexandria, in an age of e-mails and tweets, here we go. it's nice to know that a letter can still be a powerful tool. it also helps if you have a powerful role model. that would be 9-year-old gabriella miller. she got strangers from around the world to write letters to santa. that out pouring will bring some joy for severely ill children like gabriella herself. now, our affiliate has the story. >> we have a mountain of letters here. >> reporter: chris' cramped foyer in leesburg, virginia, was transformed saturday into a remarkable repository of letters. >> here's a heavy bin if anybody's feeling strong. >> reporter: for weeks, she and a small band of volunteers have been counting, culling and reading. >> this would be
so now they kind of just bypassed each other in greece. and now google is now in finland where the other guy is. or similar santa was earlier. they're kind of meeting in the middle. just around the equator. >> here's the thing, we just don't want a midair santa crash. that would be the worst case scenario. thank you so much, alexandria, in an age of e-mails and tweets, here we go. it's nice to know that a letter can still be a powerful tool. it also helps if you have a powerful role...
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Dec 24, 2012
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today's giving in focus takes a look at a tree farm in maine that helps turn greece into finding peace. >> i know when chris died, we kept thinking about how we were going to remember him. and we kept thinking that his spirit was moving through the trees every time you saw them moving. i seem to be drawn to maine even though i've never lived here. it's pretty amazing. >> we're in the wreath business and have been since 1971. columbia falls is a little town in coastal washington county. the perfect little country town kind of thing. we're looking for 12 to 18-inch pieces. as fast as this brush is coming in, we're using it on the other end. we're out on the land that produces the tips for national wreaths across america day. >> each wreath is made of balsam that is picked off of our own land. it began as a family tradition to donate 5,000 wreaths to arlington national cemetery. >> a great source of pride for my family. it's our little way of giving back to the country is through the veterans wreaths program and the new veterans remembers trees program. >> that's captain brent morale, u.s
today's giving in focus takes a look at a tree farm in maine that helps turn greece into finding peace. >> i know when chris died, we kept thinking about how we were going to remember him. and we kept thinking that his spirit was moving through the trees every time you saw them moving. i seem to be drawn to maine even though i've never lived here. it's pretty amazing. >> we're in the wreath business and have been since 1971. columbia falls is a little town in coastal washington...
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number three in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership, pay cuts, higher taxes as their weary government begs for more cash. committing to save the euro. it lives on, but for how long? >> the deadliest month to date as the assad regime intensified its air power. >> how much longer can this man hold on to power? bashar al assad was under even more intense pressure to step down but his regime stepped up the fire power against the opposition, civilians caught in the crossfire, more than 40,000 people have died so far. >> reporter: this is yet another bread line. >> the opposition fights on, making more dramatic gains than ever and gaining pledges of support from the international community. number one, she fought back from the brink of death after being attacked on a school bus. the taliban shot malala yousafzai. she survived, wake up in a british hospital and, according to her father, immediately asked for her school books. the world was gripped, moved and inspired by the story of one determined young g
number three in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership, pay cuts, higher taxes as their weary government begs for more cash. committing to save the euro. it lives on, but for how long? >> the deadliest month to date as the assad regime intensified its air power. >> how much longer can this man hold on to power? bashar al assad was under even more intense pressure to step down but his regime stepped...
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Dec 18, 2012
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>> you don't want to think we have to remember about greece they are not a monolithing society. for some people that would be totally impossible to utter a word or a sound. for other people it's cathartic to open up and express their love and devotion and to have the final words over someone they love. i try very much as a pastor not to among their relationships and emotions and how they use to commemorate the person they leaply will have. >> as a reporter i like to get as many information as you can. i want to know every detail about everything and that's a way of processing it, managing it. people must ask you questions you cannot answer. and they say where was god when this happened? >> it's precisely as you is asaid i've tried to avoid answers goesable temporary. there are some things that are handeds now life that we do not know or understand. these areas, ambiguous areas where we don't have a deficit answer it's better not to give any answer at all than to give one inappropriate. that's why we have faith for those things we cannot explain and point to directly, we have to
>> you don't want to think we have to remember about greece they are not a monolithing society. for some people that would be totally impossible to utter a word or a sound. for other people it's cathartic to open up and express their love and devotion and to have the final words over someone they love. i try very much as a pastor not to among their relationships and emotions and how they use to commemorate the person they leaply will have. >> as a reporter i like to get as many...
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Dec 10, 2012
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countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic definition of a recession. from asia, back to america, literally, a group of chinese investors agreed today to buy an 80% stake in aig's aircraft leasing business. back in 2008, the insurance giant was bailed out by the u.s. government to the tune of $180 billion. four years on, still paying back the money by selling off assets including the aircraft leasing unit that complemented aig's airplane insurance business. if u.s. regulators apro s appro deal, it will be one of the largest ever by chinese investors. china's state owned oil giant c-nook swooped in to acquire nexen for a cool $15 billion. n
countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic...
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Dec 6, 2012
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. >> what we're seeing in greece is what's happening in detroit. austerity cuts. >> we're seeing a big bailout -- >> right. >> starting with the auto industry. the white house is giving money for new police stations, homeland security is trying to sustain the fire department in detroit. we're talking about a series of bailouts that continue in order to keep detroit proposed up. i don't know how long that is sustainable. >> the movecy called "detropia." you just made the academy awards documentary short list. congratulations on that. >> thank you. >> good luck with it. >>> we've got to take a short break. just ahead, we'll talk syria. we'll discuss that. space needle, pot party there broke out there right at midnight. i wonder why. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as
. >> what we're seeing in greece is what's happening in detroit. austerity cuts. >> we're seeing a big bailout -- >> right. >> starting with the auto industry. the white house is giving money for new police stations, homeland security is trying to sustain the fire department in detroit. we're talking about a series of bailouts that continue in order to keep detroit proposed up. i don't know how long that is sustainable. >> the movecy called "detropia."...
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Dec 7, 2012
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she was less bullish on the idea that greece or spain or anybody else in trouble might effect the u.s. economy. she said, you know, the problem with the u.s. is internal, and it becomes a world problem. >> what do you think about the supreme court, they're now going to consider california's proposition 8, consider same sex marriage in the united states. >> i think it raises obviously to the highest court in the land a question that has bounced around the states with different verdicts. you have had a lot of states had constitutional amendments banning same sex marriage, california said yes, then has said no. you had for the first time the past election a couple states pass it in a statewide referendum, when previously when it was on the ballot it had gone down. this is a question that has had different answers in some states, and some states different answers different times within the same state. the supreme court providing a road map is helpful, if you want a 50 state solution. the question is is that what the constitution calls for. >> and will they provide it. >> the president per
she was less bullish on the idea that greece or spain or anybody else in trouble might effect the u.s. economy. she said, you know, the problem with the u.s. is internal, and it becomes a world problem. >> what do you think about the supreme court, they're now going to consider california's proposition 8, consider same sex marriage in the united states. >> i think it raises obviously to the highest court in the land a question that has bounced around the states with different...
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Dec 11, 2012
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if you look at countries as lindsey graham said, look at greece and countries like that, you don't want america to be plunged into that almost insolvable crisis. they were sensible and very funny together. a lot of very quiet exchanges with me about the constitution about gay rights and gun control and obviously i come from a country where almost everything is federal in the terms of you have a law for a country. i said in gay marriage, are you going to have a situation with guns where almost every state has different regulations. is it not time in america, perhaps truly was united on these big issues which in the end are about fairness and equality as with gay rights. they weren't having any of that. it gets lively. >> the full interview tonight at 9:00 p.m. eastern. "piers morgan tonight." please come back and visit. >> this is why you get the bond movies and i end up with denzel castoffs. >> some days you may be in a james bond movie too. >> the worst moment of my career was taking my wife to see the bond movie and see your head rear up as the star of the film. >> some day. >> i am s
if you look at countries as lindsey graham said, look at greece and countries like that, you don't want america to be plunged into that almost insolvable crisis. they were sensible and very funny together. a lot of very quiet exchanges with me about the constitution about gay rights and gun control and obviously i come from a country where almost everything is federal in the terms of you have a law for a country. i said in gay marriage, are you going to have a situation with guns where almost...